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Re: Bitcoin Bubble Game (with jackpot)
by
TheKoziTwo
on 31/05/2011, 16:20:11 UTC
That just sucks!! How long was mybitcoin down tonight? Will have to actually create my own payment system if this continues.

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That is part of it, but I've noticed it dropping quite rapidly. It's a lack of interest by people mostly.
This is wrong, it's actually opposite. It's more money spent in this bubble than ever before, here is why:

First, let's convert jackpots into $ (the value on date they were won):

DateWon
April 28th-$97
May 24th-$335.5
May 27th-$242.5
May 31th-$82.6

If we calculate daily jackpot volume, this is what we get on avarage added to jackpot:

April 19...April 28=97/10=$9.7 daily
April 28...May 24=335.5/27=$12.42 daily
May 24 - May 27=242.5/4=$60.6 daily
May 27 - May 31=82.6/5=$16.5 daily
May 31 - ?=37.86/1=$37.86 daily

I think it's a psychological factor in play here. As you can see, we are still doing amazing-

But wait, there is more... I have stored in my database every single incomming spend sinch launch and I have used this to generate a graph.

The following graph shows you how much $ that was spent (per day) in the bubble. As you can see, the incoming $ has increased to levels we have never seen before.

Daily amount of $ spent at btcbubble



This is the thing about deflation, it looks like the jackpot is going down, less money in the game etc... but it's not true at all.

But could it be that people are spending more money in the bubble, but less people watching it?

Well, according the the traffic stats it's not less popular.


As we can see, the jackpot and daily spends has been exploding in value since launch, and the traffic stats tells us a similar story.

Maybe it's time we make this a lot more visible, by adding $ in parentheses? Who knows? What you guys say?

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If we could find a good way to advertise the site and get more people playing, it will create a larger jackpot and a slightly faster game.
Post your referral links on any bitcoin site you know of!
More activity is always awesome! It helps to tell everybody you know about it and place it in your signature, but just participating and making every round slightly more exciting than the last is ultimately the greatest factor I think.